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You can take the Betfair Sportsbook with you and place pre-game or in-play bets from any location in the UK.

The bookie has a state-of-the-art dedicated app that you can download to your portable device for an unmatched mobile betting experience.

However, the sportsbook app does not feature the peer-to-peer betting platform hence you have to download the Betfair Exchange App to lay or back bets by other punters.

Betfair owns the bragging rights for being the biggest exchange betting platform in the online sports wagering scene.

Unlike the traditional sportsbook that only offers fixed odds for punters to bet, the exchange provides bettors with the opportunity to trade bets with other customers on the platform.

If your peers win the bets, you will be required to pay out, but you retain the wagers if they lose. In turn, bookmaker benefits by taking a small cut or Betfair sportsbook commission on winning bets.

The beauty of using this platform is that it provides more options for punters about odds and prices. You will also find that the Exchange tends to offer better prices than the traditional bookmaker.

Also, the Exchange can be a valuable asset if you have the right trading Betfair strategies. Read this article if you are interesting in Betfair strategy in tennis trading.

Betfair supports a wide range of popular banking methods in the UK. You can use any of the following methods to fund your Betfair account:.

Many Apps offer a free trial — try before you buy. Your vendor will provide guidance and support on getting up and running on the App.

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Speaking of CashOut, the live selection does indeed have plenty to offer with a huge array of matches being available to bet on with a generous selection of betting markets really bringing it all together.

Of course, what is available really does depend on the logistics and licensing of that event. The only area where Betfair is let down in their near-perfect offering is a lack of graphics for those games not covered by live streaming.

Being as big a name as Betfair, it should come as no surprise that they are a fully licensed and secure betting site. For anyone with reservations though, you can rest assured that they hold licenses from and are regulated by both the UK Gambling Commission and the Malta Gaming Authority.

They have a clearly laid-out privacy policy, which can be accessed via a link at the bottom of each site page, alongside a security page which outlines all the measures they take to keep customer information secure.

These include a two-step authentication process to protect customer accounts against attacks and the utilisation of SSL technology to encrypt data, alongside biometrics, guards and cameras to secure the servers in their data centres.

This dedication to their customers extends into the promotion of responsible gambling as well. Their responsible gambling page outlines their commitment, tips and contact details for their dedicated support team.

This is available alongside a selection of management tools , including deposit and transfer limits, reality checks, self-assessment, self-exclusion and the option to take breaks from your activity on the site.

Even with an operator as trusted and reliable as Betfair, you may still face issues from time to time. If you have a common query, then you can simply head to the support page , where you will find the most frequently asked questions and their answers.

This includes a list of the top queries , different categories to help you find the information you need and even a search bar, so you can navigate your way with ease.

They responded promptly, were friendly and answered all our questions in a professional manner. They responded straight away , and I got a link to the promotional page within about a minute.

They also offered additional information about the terms and conditions, which is always appreciated, and made sure that we were happy and understood everything we needed before ending contact.

Balancing a slick and simple design with a burst of their famous yellow brand colour, the Betfair website looks great. It may not be winning any prizes for innovation or grabbing worldwide attention by breaking the mould, but this type of classic site design has become so popular for a reason.

It works and it works well. Sliders direct your focus to generous promotions, popular game titles or various sports markets, while the Responsible gambling, Help and Security links can always be found at the bottom of the page.

Alongside all this , they also offer betting tips, advice and reviews to customers, which can be accessed via betting. Still, despite the deserved credit Betfair receives for being a true jack of all trades, it is in the Betting Exchange where it really shines.

The Betfair Exchange allows for customers to bet against one another rather than a bookmaker. Exchanges effectively cut out the bookmaker and allow the opportunity for a punter to do both, giving customers more control and a better prospect of making money.

Your bet must settle in this period too. Bet must be placed in first 7 days of account opening. The benefit of using the Betfair exchange is that you can ask for a better price bigger odds in the case of backing.

You will then be placed in a queue until someone agrees to take your bet on. Remember, when laying a bet, you want the odds to be lower in order to decrease your liability.

Similarly to stock exchanges and financial markets where a trader will look to buy at a low price and sell at a high price, when trading on Betfair, you should look to lay low and back high.

Do this and you can lock in a profit before the event is over or sometimes even before it has occurred. The only difference being is that on the exchange, your bet will continue, despite already locking in a profit, whereas cashing out instantly settles the bet.

This presents you with a perfect trading opportunity. You back the horse at The day of the race you check the market and, as you expected, there has been continued support for the horse which is now available to lay at 6.

However you have now locked in a profit and can look forward to the race. Another way to look at trading would be for a golf tournament, which is slightly different to Example 1 as you will likely be executing the moves In-Play rather than before the event.

Backing a golfer at odds of The golfer is now available to lay at 8. The key to trading is finding the edge. This at times can be as simple as taking advantage of a price quick enough before it collapses.

Finding overreactions with prices being either too big or too short also provides trading openings while it is also good to monitor market behaviour.

In-Play betting allows you to assess an event before parting with your money. You will know if Betfair is offering In-Play odds on a market when you see the green tick under the name of the event.

The ability to bet on a race in real-time can provide an opportunity to be hugely profitable. So you may be wondering how Betfair make their money?

You do not pay commission on losing bets. Your Net Winnings are what you stand to win on a bet once your stake has been deducted. Market Base Rate is the most commission rate you pay on a market and is determined by the country you are living in.

Your Discount Rate reduces the amount of commission you pay and is based on how many Betfair points you have earned. You can earn Betfair points whether you win or lose — the more points you earn, the less commission you pay.

The calculation would be as follows:. For every 10 pence of commission you have paid or would have stood to pay if you won, you earn one Betfair point.

Something that is not usually mentioned when it comes to the Betfair exchange is the liquidity of the market you are getting involved in. Liquidity is the amount of money available for you to bet Back or Lay at the corresponding odds on the corresponding selection.

The liquidity is displayed on the odds buttons of each selection on which you can bet while you can also see the total amount of liquidity.

High liquidity markets provide a higher likelihood of your bets being matched as there is more interest and turnover involved.

A market with low liquidity can be easily noticed and therefore avoided until interest increases.

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